Tara McDonald
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High School Principles of Business Test sobre POB 5.02 Review, creado por Tara McDonald el 20/02/2017.

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POB 5.02 Review

Pregunta 1 de 17

1

Which represents a natural risk for the owner of a delivery service?

Selecciona una de las siguientes respuestas posibles:

  • snowstorm

  • accident

  • rising prices

  • government intervention

Explicación

Pregunta 2 de 17

1

A business selects goods or services to sell. Which type of risk is this business using?

Selecciona una de las siguientes respuestas posibles:

  • transferring risk

  • controlling risk

  • bypassing risk

  • avoiding risk

Explicación

Pregunta 3 de 17

1

Which is an example of a speculative business risk?

Selecciona una de las siguientes respuestas posibles:

  • A special promotion fails to increase sales.

  • A supplier's shipment is lost in transit.

  • A cashier gives unauthorized discounts to friends.

  • A customer is injured at a business and sues the company.

Explicación

Pregunta 4 de 17

1

One way a business can reduce the risk of accidents in the workplace is by providing its employees with:

Selecciona una de las siguientes respuestas posibles:

  • safety training.

  • electronic data interchange (EDI).

  • supply manuals.

  • weight-loss programs.

Explicación

Pregunta 5 de 17

1

Many businesses use a variety of security precautions in order to protect the businesses from:

Selecciona una de las siguientes respuestas posibles:

  • natural disasters.

  • the risk of theft.

  • economic depressions.

  • threat of foreclosure.

Explicación

Pregunta 6 de 17

1

Sam works for a construction company. Yesterday he forgets to put on his hard hat prior to entering the construction site. Sam is said to be:

Selecciona una de las siguientes respuestas posibles:

  • In compliance

  • Out of compliance

  • Safe

  • Ignorant

Explicación

Pregunta 7 de 17

1

Bob works at the sawmill. While operating the electric saw, Bob notices one of the bolts has become loosened. He stops his work immediately and reports the incident to his site manager because of the:

Selecciona una de las siguientes respuestas posibles:

  • Security risk

  • Chemical hazard

  • Non-economic risk

  • Imminent Danger

Explicación

Pregunta 8 de 17

1

A local food company filed an insurance claim to compensate employees who lost personal belongings in a company fire. This is an example of which type of insurance risk?

Selecciona una de las siguientes respuestas posibles:

  • Economic

  • Pure

  • Uncontrollable

  • Uninsurable

Explicación

Pregunta 9 de 17

1

Which is an example of uninsurable risks?

Selecciona una de las siguientes respuestas posibles:

  • FedEx covers property damaged by its drivers.

  • Kroger Grocery Store has liability coverage.

  • FedEx's competitors are now picking up packages from residential homes.

  • Tessa is receiving compensation after being injured at work.

Explicación

Pregunta 10 de 17

1

A company chooses not to carry a line of products that appears to be especially easy to shoplift. Risk from not carrying the product line is:

Selecciona una de las siguientes respuestas posibles:

  • Avoided

  • Reduced

  • Transferred

  • Retained (Assumed)

Explicación

Pregunta 11 de 17

1

When it rains, Walmart place rubber mats in the entryways of their doors. By placing the mats during bad weather, Walmart is:

Selecciona una de las siguientes respuestas posibles:

  • Retaining the risk

  • Avoiding the risk

  • Transferring the risk

  • Reducing the risk

Explicación

Pregunta 12 de 17

1

It would cost a cosmetic company at least $1.49 for each bottle in order to produce a new line of shampoo. The company decided to continue with its original production instead of adding the new product. How did the company handle the potential risks?

Selecciona una de las siguientes respuestas posibles:

  • Assume

  • Avoid

  • Transfer

  • Insure

Explicación

Pregunta 13 de 17

1

Real property is:

Selecciona una de las siguientes respuestas posibles:

  • Jewelry

  • Land or anything attached to it

  • Property that is inside the home

  • Cash

Explicación

Pregunta 14 de 17

1

ABC Company has major damage to the facility due to an electrical fire. They are forced to close their operations down for two months while the building is being repaired. What type of insurance covers this type of damage?

Selecciona una de las siguientes respuestas posibles:

  • Personal Property Insurance

  • Workers Compensation Insurance

  • Business Interruption Insurance

  • OSHA Insurance

Explicación

Pregunta 15 de 17

1

Suzanne wants a personal insurance policy that will include features of basic and major medical health insurance, dental care, and vision care. What type of policy does she need?

Selecciona una de las siguientes respuestas posibles:

  • Comprehensive

  • Surgical

  • Vision

  • Hospital

Explicación

Pregunta 16 de 17

1

Randle's boss had insurance that would provide payments to him while he was at home recovering from a back injury that occurred at work. What type of insurance does Randle's boss have?

Selecciona una de las siguientes respuestas posibles:

  • Workers Compensation

  • Liability Coverage

  • Business Interruption

  • Major Medical

Explicación

Pregunta 17 de 17

1

Sally works for Nash-Rocky Mount Schools. She is 36 years old and decides that she needs life insurance. Other than covering her funeral expenses, she would like to have the option to be able to use the money she invests before she dies on purchasing expensive items like vacations, college, and a new home. She only has this option if she invests in what type of life insurance?

Selecciona una de las siguientes respuestas posibles:

  • Term life insurance

  • 401K

  • Permanent life insurance

  • Workers Compensation

Explicación